Following the worst week in our market’s history, many people have had enough and can’t stand to lose any more. Others are viewing this as a buying opportunity and loading up on deeply discounted stocks. And of course, you have those who are just plugging away and staying the course, regardless of how hard it is to watch.
The situation that has unfolded over the past few weeks especially has had a profound impact on how many people view the markets. We all know that markets go up, go down, and do everything in-between. But some experts say this time is different. There are a number of underlying financial issues that we haven’t experienced before, and some are unsure how we’ll recover from it, and how long it might take. Does this change how we should look at long-term investing?
I don’t have the answers, but I know a lot of people are making some crazy predictions and changes to their investments right now. So, what have you done over the past few weeks in response to this crazy market?
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About the Author: Jeremy Vohwinkle is a Chartered Retirement Planning Counselor® and spent a few years working as a financial planner. Today, he helps people make the most of their money by writing about personal finance here and elsewhere on the web. Jeremy is also Coach at Adaptu and a regular contributor for other publications such as Intuit, and American Express. Be sure to follow Jeremy on Twitter or Google+.